Fundamental Analysis:
when analyzing currency pairs like USD/JPY. When comparing the economic indicators of the USA and Japan (JPY), it is evident that the USD remains stronger than the JPY. The USA's GDP Growth Rate is a healthy 2.7%, while the JPY GDP Growth Rate is relatively low at 0.2%. The inflation rate in Japan stands at 4.3%, while the USA stands at a comparatively higher 6.4%. The USA also boasts a higher interest rate at 4.75% compared to Japan's negative interest rate of -0.1%, indicating a stronger demand for USD-denominated investments. Finally, the USA's balance of trade is at a significant deficit of -67419, while Japan's deficit is lower at -3497. These fundamental economic indicators suggest that the USD is still stronger than the JPY, and as a financial trader, it is essential to consider these factors when making investment decisions for the USD/JPY currency pair.
Technical Analysis:
price is now on range zone, I think JPY can start the correction here to 133 support area then continue the up trend on that zone to next targets for long
Targets: 133(correction) , 134,135.....,140,
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when analyzing currency pairs like USD/JPY. When comparing the economic indicators of the USA and Japan (JPY), it is evident that the USD remains stronger than the JPY. The USA's GDP Growth Rate is a healthy 2.7%, while the JPY GDP Growth Rate is relatively low at 0.2%. The inflation rate in Japan stands at 4.3%, while the USA stands at a comparatively higher 6.4%. The USA also boasts a higher interest rate at 4.75% compared to Japan's negative interest rate of -0.1%, indicating a stronger demand for USD-denominated investments. Finally, the USA's balance of trade is at a significant deficit of -67419, while Japan's deficit is lower at -3497. These fundamental economic indicators suggest that the USD is still stronger than the JPY, and as a financial trader, it is essential to consider these factors when making investment decisions for the USD/JPY currency pair.
Technical Analysis:
price is now on range zone, I think JPY can start the correction here to 133 support area then continue the up trend on that zone to next targets for long
Targets: 133(correction) , 134,135.....,140,
"Don't forget to like"
.
.
.
.
.
.
"Thanks for giving your time to read my article."
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.